I also went down the 203(k) rabbit hole last night and from what I can tell, they will allow you to claim 75% of anticipated rental income but that information was just from a Google search. 400 to 500k does not get you much around here unfortunately.  

I have been into real estate for the last 6 years and I love it.

Christina will go deep into where has the market moved to what might be coming in this next year in residential real estate.Bio:Over the last 15 years as a real estate investing mentor, Christina found the greatest obstacle her clients faced was an overwhelming amount of information about investment real estate that didn't produce the results they needed.She created the Live A Rich Life - Real Estate Investment Workshop to simplify the process so people could get started at a pace they could handle, using a system that maximized results.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

What’s Changing About Depreciation for Short Term Rentals & Why it's the time to act NOW.Certain aspects of this strategy will phase-out over the next few years. 2022 was the last year of 100% bonus depreciation.

Last Thought:  If your parents plan on exchanging into a property with the intent of renting the property to you, make sure that they are charging you something close to fair market rent for living there. 

Lastly, what is the preferred method for collecting rent with mid-term stays?

I have been an exclusive investor agent for the last decade, usually representing landlords preferably. 

Sent out 2 messages  to individuals last week and I think BP is blocking my messages as well.I’m 18 years in this business flipping and building new construction.

Under the laws of most states, when a corporate entity is dissolved, until a court appoints a receiver, the business and affairs of the entity shall be managed under the direction of the trustees of the entity’s assets to undertake the acts necessary or proper to liquidate the entity and wind up its affairs.In the context of LLCs most state laws permit the remaining members (or sole surviving member) of a limited liability company or, if the LLC has no remaining members, the personal representative, guardian, or other successor to the last remaining member of the LLC to wind up its affairs.The title company needs to do its research and not resort to the "you need to reinstate the LLC" position that many default to.